[32.4% CAGR] Embedded Finance Market to reach USD 1,029.02 Billion By 2032

The Embedded Finance Market size is expected to reach USD 1,029.02 billion by 2032, according to a new report by Polaris Market Research. The market was valued at USD 82.48 billion in 2023 and is projected to grow at a CAGR of 32.4% during the forecast period, 2024-2032.

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Embedded finance, also referred to as embedded banking, refers to the integration of financial services into the infrastructure of nonfinancial organizations. The financial services integration is done without having to route these services through financial institutions. It places financial services such as debit cards, savings, and investment tools into the platforms of companies that typically don't deal in finance. There are several types of embedded finance services, including embedded banking, embedded lending, embedded payments, embedded investing, embedded insurance, and embedded fintech.

Embedded finance finds applications across several sectors, including retail, healthcare, logistics, manufacturing, travel & entertainment. The rising adoption of smartphones and growing prevalence of internet usage results in increased uptake of digital mobile-based financial services, impacting the embedded finance sector favorably. Besides, technological advancements in Artificial Intelligence (AI) allow service providers to offer highly personalized services to their customers, leading to increased service utilization and revenue.

Competitive Landscape

The key industry participants are actively pursuing strategies like new product launches, acquisitions, partnerships & collaborations to improve their offerings and cater to a wide consumer base.

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Some Of The Major Players Operating In The Global Market Include:

• Cybrid Technology Inc.
• Finastra
• Fluency Pty Limited
• Fortis Payment Systems, LLC
• Lendflow
• PAYRIX
• Stripe, Inc.
• Transcard Payments
• Walnut Insurance Inc.
• Zopa Bank Limited

Embedded Finance Market Report Highlights

• The embedded payment segment held the largest share, primarily due to the rise in the adoption of digital transactions
• The travel & tourism segment will grow rapidly, as most of the start-ups in the travel booking offer payment wallet services
• North America garnered the largest share, owing to a well-developed digital payment network and a rise in online payments via the younger generation

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Market Segmentation

The embedded finance market segmentation is primarily based on type, business model, end-use, and region. By type analysis, the embedded payment segment witnessed the largest market share owing to their swifter and efficient payment processing as compared to their traditional counterparts. Besides, the B2C segment is projected to account for a substantial growth rate as it becomes crucial for businesses to provide a seamless experience to their customers.

Polaris Market Research has segmented the embedded finance market report based on type, business model, end-use, and region:

Embedded Finance, Type Outlook (Revenue - USD Billion, 2019 - 2032)
 Embedded Payment
 Embedded Insurance
 Embedded Investment
 Embedded Lending
 Embedded Banking

Embedded Finance, Business Model Outlook (Revenue - USD Billion, 2019 - 2032)
 B2B
 B2C
 B2B2B
 B2B2C

Embedded Finance, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)
 Retail
 Healthcare
 Logistics
 Manufacturing
 Travel & Entertainment
 Others

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